I would like to invest in the market but I do not know anything about. I check some options at Bank of America
They offer mutual funds, etfs, fixed income accounts, stocks, etc. Can someone with a real amount of experience what kind of investment would fit me well if I do not want to spend that much money? Any help will be highly appreciated.
Public Comments
- First of all, don't go to Bank of America to invest your money. If you are an amateur and don't know much about investing the best place to start is to buy some mutual funds. Let a professional money manager buy the stocks and bonds in your portfolio. They may be more expensive than ETF's, but they are actively managed. ETF's aren't. As far as where to go to invest your money, I recommend Schwab. I have my money there and I like them because I can be completely self directed (I used to be and advisor and don't need anyone helping me and charging a lot of money) and they also have a local office, so when I do need someone else's help I can stop by the office to talk to someone.
- I know many businesses it all depends on your capital.For me I am an international businessman.Reply if you will need my help to ngodi.albert@yahoo.com
- We need more information to properly answer you question. How much money do you want to spend? For how long? What are your goals? buy a car in 6 months? retire in 40 years? Risk tolerance? Maybe first you should invest about $15 or whatever it cost nowadays and buy a book "Investing for Dummies" by Eric Tyson.
- Nobody here could give you an answer that would be worth anything without knowing much more about you. Does your company offer a 401k? If not, there are various alternatives. Start at the site below for some guidance and to build your knowledge on investing. It is an easy read meant for people who don't understand all the technical jargon out there.
- Without having more information about your personal information, such as age, current income and other data such as risk tolerance, martial status, and demographics it would be very inappropriate for me or any other person to provide specific investment information in this type of media However, there are websites that serve as tutorials for novice investors as well as information for the more experienced. Such sites are Smart Money - http://www.smartmoney.com/ Winning Investing - http://www.winninginvesting.com/ There are other sites that will be of help MSN MONEY -(http://moneycentral.msn.com/home.asp) and Yahoo Finance (http://finance.yahoo.com/), Investors Hub (http://www.investors.com/?tn=top), that provide access to various investment products as well as access to several experienced advisors, all provide a wealth of information regarding the market and the various products trade in the markets. The research and commentaries by the various writers provide a wealth of free information that serves all types of investors whether they be novices, or experienced professionals
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